1981-103 CRA - Laserfiche WebLink

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. . . REL:adg 10/13/81 RESOLUTION NO. 81-103 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF: SANTA ANA AUTHORIZI~G THE ISSUANCE OF NOTES FOR THE PURPOSE OF PROVIDING FINANCING FOR THE REHABILITATION OF COMMERCIAL STRUCTURES BY STEVEN J. AND PAULA B. KEISER WHEREAS, the Agency is authorized by Community Redevelopment Law (the "Law") to issue and sell its notes for the purpose of providing permanent financing for the rehabilitation of commercial structures located within a redevelopment project area of the Agency; WHEREAS, Steven J. and Paula B. Keiser (the "Developer") have requested the Agency to issue and sell its notes for the purpose of providing financing for the rehabilitation of certain retail commercial facilities to be constructed and developed by the Developers within a redevelopment project area of the Agency and the Agency wishes to induce the Developers to construct and develop said commercial facilities in said area; and .:. WHEREAS, it is the public interest, for public benefit and in furtherance of the public purposes of the Agency that the Agency authorize bonds for the aforesaid purposes; NOW, THEREFORE, BE IT'RESOL~ED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: 1. The community Redevelopment Agency of the City of Santa Ana hereby authorizes the issuance and sale of notes of the Agency pursuant to the Law in a principal amount of not to exceed Three Million Dollars ($3,000,000) for the purpose of providing financing to the Developers for the rehabilitation and development of retail and commercial facilities and related improvements (the "project") to be located at 414-416 West Fourth Street in the City of Santa Ana. -. 2. The issuance and sale of said notes shall be upon such termS and conditions as may be mutually agreed upon by the Agency, the Developers and the purchaser of said notes and shall be subject to completion of proceedings for issuance, sale and delivery by the Agency.